Ethereum Hits New Highs Amid Market Rally, but September Outlook Remains Uncertain
TL;DR
Ether's price dropped 6% after hitting a record over the weekend, erasing gains from a rally driven by Federal Reserve rate cut hints and increased institutional interest, while Bitcoin also declined, with both cryptocurrencies experiencing significant ETF outflows.
- Ether erases gains from Jackson Hole rally after hitting a fresh record over the weekend CNBC
- Ethereum's coin breaks 2021 all-time high, nearing $600B market cap Axios
- Ether Rises to Record, Topping 2021 Crypto Bull Market High Bloomberg.com
- Ethereum News: As ETH Soars, Analyst Explains Why Supply Shock Seems ‘Inevitable’ CoinDesk
- Ether’s August rally could lead to September downtrend, history suggests Cointelegraph
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